A 1997 federal law -- the Amtrak Reform and Accountability Act -- caps liability damages for railroads at $200 million.
(The same thing should have been said about the auditing function, which was left with the accounting firms after Enron. Instead, they were left to form a cartel that is now pushing to insulate itself from any accountability through civil liability caps).
Media captionIain Duncan Smith: Welfare cap "will increase accountability" However, Jobseeker's allowance and the state pension will be excluded.
While some on the Gulf Coast might have been disappointed that the First Lady didn't go into the specifics of the spill response, her visit wasn't about the details of the new cap or BP's accountability (or lack thereof).
Furthermore, the quality of carbon offsets within the cap and trade program are, according to the U.S. Government Accountability Office, virtually impossible to verify.
"Building in accountability on welfare spending and ensuring that, if a future government breaches the cap, a statement will need to be made to parliament, adds some welcome governance into the system".
Provided this greater accountability, I call on states to reform their charter rules, and lift caps on the number of allowable charter schools, wherever such caps are in place.
6. Thou shalt create effective mechanisms of accountability for insurance companies and not allow them to have annual or lifetime caps on expenditures.
The Association of Trial Lawyers of America had lobbied against the caps, arguing that they would subvert the right of victims to demand accountability.
The issue of accountability has emerged as a major sticking point in negotiations over the bill, which would raise the cap on charters to 460 from 200.
CAP refuted the assertions, encouraging "any reader to look directly at the substance of [their] work on corporate accountability and financial sector reform, clean energy, campaign finance reform, defense cuts, and progressive tax reform to judge for themselves".
